IDEAS home Printed from https://ideas.repec.org/a/alu/journl/v1y2014i16p10.html
   My bibliography  Save this article

Effects Of Short And Long Run Subprime Crisis On The Industrial Sector In The Emerging Countries: Ardl Approach

Author

Listed:
  • Kamel Helali
  • Mouna Rekik
  • Maha Kalai

Abstract

This paper deals with the relationship between the 2007 financial crisis and the industrial sector for a panel of six emerging countries over the period 2002-2011. This crisis has spread through several transmission channels and caused many problems in the financial systems and in the economies in general. Any open economy cannot be immune from this crisis. The emerging countries are not isolated from the rest of the world and, as a result, they are affected by the negative effects of the financial crisis because of their interference with the developed economies. The effects are very clear in many real sectors mainly, in the industrial one. Our objective, in this paper, is to study the impact of the subprime crisis on the industrial sector in the emerging countries through the use of the ARDL approach so that we can derive the various short and long-run relationship between the variables question. The estimation results show that recession in the developed economies has reduced industrial production in the emerging countries through the trade channel since it suddenly limited direct investment and threatened the sectors related to the decomposition of the productive process.

Suggested Citation

  • Kamel Helali & Mouna Rekik & Maha Kalai, 2014. "Effects Of Short And Long Run Subprime Crisis On The Industrial Sector In The Emerging Countries: Ardl Approach," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(16), pages 1-10.
  • Handle: RePEc:alu:journl:v:1:y:2014:i:16:p:10
    as

    Download full text from publisher

    File URL: http://oeconomica.uab.ro/upload/lucrari/1620141/10.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Subprime crisis; emerging countries; ARDL; short and long run effects;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:1:y:2014:i:16:p:10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan-Constantin Danuletiu (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.